A man invests Rs. 10400 in 6% shares at Rs. 104 and Rs. 11440 in 10.4% shares at Rs. 143. How much income would he get in all?
Solution:
In first case; Total investment = Rs. 10400
Rate of dividend = 6%
Market value of each share = Rs. 104
Total dividend from both cases = Rs. 600 + Rs. 832
= Rs. 1432 Ans.
Two companies have shares of 7% at Rs. 116 and 9% at Rs. 145 respectively. In which of the shares would the investment be more profitable?
Solution:
Let the investment in each case = Rs. 116 × 145
Dividend in first case
